Case Study: MoneyGram Haas F1 Team cuts payment costs and boosts finance efficiency with TransferMate Global Payments

MoneyGram Haas F1 Team - Customer Case Study

MoneyGram Haas F1 Team needed a simple, cost-effective way to manage international supplier and intercompany payments across multiple currencies. With operations in the US, UK, and Italy and around 10 currencies to pay suppliers in, the team was struggling with delays, coordination issues, and high FX commissions using its previous payments setup. TransferMate Global Payments provided the international payments solution.

Using TransferMate Global Payments’ online payment portal, Haas F1 gained a secure, one-stop platform for making multi-currency payments, onboarding suppliers easily, and tracking transactions with strong controls and reporting. The team reported lower bank fees, better FX rates, reduced movement of funds between accounts, and improved finance team efficiency, helping free up more budget to invest back into the car.

MoneyGram Haas F1 Team

Tom Capocci

Global Head of Finance